Remitsy: Send and automate business payments to China | finder.com

Remitsy business transfers to China

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Make business payments to China without breaking the bank.

Remitsy specializes in sending online business payments to China. It’s the rare provider offering the unbeatable mid-market exchange rate for all transfers, saving your business money when paying vendors or customers in the post populous nation in East Asia.

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Remitsy was recently acquired by Wyre, so sending money to China with Remitsy is no longer an option. If you land on Remitsy’s home page, you’ll be presented with an option to go to Wyre’s website to initiate your transfer.

Minimum transfer amounts and available countries

Remitsy doesn’t limit how little or how much you can send, but the details of your transfer could vary depending on the country you’re sending money from.

While Remitsy actually receives only one currency — Chinese yuan — it supports eight currencies to China:

What is Remitsy?

Headquartered in Hong Kong, Remitsy boasts a “crack team of industry experience” to beat banks and its competition when sending money to China. It doesn’t hide fees by padding the exchange rate, instead offering the interbank rate and low fees to its customers.

How safe is Remitsy?

Remitsy is a safe money transfers operator that’s licensed in Hong Kong. It processes all payments through segregated bank accounts and stores your personal and financial information using bank-grade encryption, protecting your transfer from third parties.

What other products does Remitsy offer?

Remitsy does not offer any other products and services, specializing solely in allowing users to send business payments to China.

If you’re looking to automate your business payments to China, Remitsy offers the flexibility of a robust API to deliver payments directly to bank accounts and mobile wallets.

Bottom line

If you own a business that requires frequent payments to vendors, freelancers or offices in China, Remitsy could be an excellent low-cost option. It offers the mid-market rate on all transfers, which could save you a lot of money over banks and other providers.

If you need to make payments to countries beyond China or to recipients that are not part of your business, compare the rates and fees of other international money transfer specialists.

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